{
  "rows": [
    {
      "company": "Techman Robot",
      "hq_country": "Taiwan",
      "website": "https://www.tm-robot.com/",
      "status": "active",
      "what_it_builds": "Develops TM Xplore I, its own humanoid platform combining a humanoid upper body with a wheeled mobile base. It targets precision industrial automation, including semiconductor manufacturing, electronics assembly and automotive manufacturing.",
      "what_it_builds_source": "https://www2.tm-robot.com/en/tm-news-post/techman-robot-at-gtc-2026-unveils-new-ai-strategy-and-humanoid-robot-tm-xplore-i/",
      "founded_year": "2015",
      "founded_source": "https://tm-robot.oss-cn-hongkong.aliyuncs.com/財務檔案/6.1.3投資人專區-公司年報(英文)/2023%20Annual%20report.pdf",
      "funding_usd": "210575691",
      "funding_basis": "public company",
      "funding_source": "https://tm-robot.oss-cn-hongkong.aliyuncs.com/財務檔案/6.1.2投資人專區-財務報告(英文)/合併財務報告/2025%20Q4%20Consolidated%20Financial%20Statements.pdf",
      "funding_note": "A=https://tm-robot.oss-cn-hongkong.aliyuncs.com/財務檔案/6.1.3投資人專區-公司年報(英文)/2023%20Annual%20report.pdf; B=https://tm-robot.oss-cn-hongkong.aliyuncs.com/財務檔案/6.1.2投資人專區-財務報告(英文)/合併財務報告/2025%20Q4%20Consolidated%20Financial%20Statements.pdf. TWD millions: A: 2015-09 formation 25; cash issues 2016-08 75, 2017-05 100, 2018-08 100, 2019-10 173, 2020-10 343.575 (25.45m shares x13.5). B: 2021-12-03 private placement 600; 2025-09-24 IPO gross 4849.651. FX TWD/USD: 32.31,31.31,30.09,30.79,30.35,28.53,27.71,30.04 respectively; first six use registration dates 2015-09-18,2016-09-20,2017-06-07,2018-09-04,2019-11-07,2020-11-17 (announcement days unavailable); last two use pricing 2021-12-03 and auction announcement 2025-09-17. FX: https://www.federalreserve.gov/releases/h10/hist/dat00_ta.htm . Exclude 2019 retained earnings TWD27m and 2020/2025 employee options, not fundraising rounds. Market cap 2026-10-30 TWD25.63bn /32.59: https://stockanalysis.com/quote/tpe/4585/market-cap/ .",
      "latest_funding_date": "2025-09-24",
      "valuation_usd": "786437558",
      "latest_model": "TM Xplore I",
      "latest_model_year": "2025",
      "latest_model_source": "https://www.taipeitimes.com/News/biz/archives/2025/08/22/2003842443",
      "units_shipped": null,
      "units_shipped_source": null,
      "units_shipped_note": "No published count of TM Xplore I humanoids delivered, sold or shipped found as of 2026-11-03. The reported 18,000 robotic arms sold are cobots, not humanoid deliveries (https://money.udn.com/money/amp/story/5612/9010295).",
      "as_of": "2026-11-03"
    }
  ],
  "sources": [
    "https://tm-robot.oss-cn-hongkong.aliyuncs.com/財務檔案/6.1.3投資人專區-公司年報(英文)/2023%20Annual%20report.pdf",
    "https://tm-robot.oss-cn-hongkong.aliyuncs.com/財務檔案/6.1.2投資人專區-財務報告(英文)/合併財務報告/2025%20Q4%20Consolidated%20Financial%20Statements.pdf",
    "https://www.tm-robot.com/",
    "https://www2.tm-robot.com/en/tm-news-post/techman-robot-at-gtc-2026-unveils-new-ai-strategy-and-humanoid-robot-tm-xplore-i/",
    "https://www.taipeitimes.com/News/biz/archives/2025/08/22/2003842443",
    "https://money.udn.com/money/amp/story/5612/9010295",
    "https://www.federalreserve.gov/releases/h10/hist/dat00_ta.htm",
    "https://stockanalysis.com/quote/tpe/4585/market-cap/"
  ]
}